Paramount Resources Ltd T.POU

Headwater Resources - Interesting another 2 Billion?

[MyHoneyPot]

Paramount has -~293,000 net acres with Clearwater and Bluesky potential

That is pretty well equalivent to Headwater Resources, a company with about a 2 Billion enterprise value and roughly 20,000 boe/day of production. 

So the opportunity is here for POU, with over 600 million in assets on its balance sheet and almost 300,000 acres of Clearwater that maybe another (POU Headwater Resources resides in the company worth about 2 billion dollars?)

Whats POU waiting for:

• Maybe learning from other how to do the best and most economical way to drill these wells from the get go?

• Maybe collecting a little more land, it the general area.

• Or maybe some feedback from Sue Rose Riddell and here success with Rubelite?

North Duvernay is now well underway, and Willesden green, is well underway. Maybe once they become cash flow positive here we will see a clearwater project as it does require less capital.

Let not forget Liard is happening as we speak, and it is one of the largest gas basins in the world a perfect package to sell or partner with a LNG terminal owner. 

IMHO

[WillyGreen]

Honeypot is correct on the land optionality when it comes to pou. Bear in mind this as close to a private/public investment you can have with the Riddell's ownership at 47%. They are in the business of keeping this in the family for generations at creating huge wealth.  There is only so much capex they can afford to spend while keeping  everyone happy. Pou goes in stages. Karr

[WillyGreen]

Meant to say "and create generational wealth". There is no urgency to build out everything immediately. You have 20-30 years of a hugely profitable business. Don't expect them to drill everything today. Steady steady.